Hai Long Industrial Park (Thai Binh Economic Zone): Focusing on completing infrastructure, ready to welcome investors
Hai Long Industrial Park is planned with the goal of being built into an industrial park with synchronous, modern, and environmentally friendly technical infrastructure. After more than 1 year of construction, this industrial park is ready to welcome secondary investors.
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| Hai Long Industrial Park is actively completing infrastructure to welcome secondary investors. |
Potential investment destination
Hai Long Industrial Park is located in the center of Thai Binh Economic Zone, with an area of 296.58 hectares. According to the plan, this Industrial Park focuses on attracting projects in the fields of electricity, electronics, mechanical engineering, mechanical assembly, agricultural, food and consumer goods processing, garment, textile and finishing of high-end fabrics, ceramics, porcelain, supporting industries, warehouses, ports, logistics, etc.
With its location along the Tra Ly River, Hai Long Industrial Park is located along the coastal road and the DT.464 and DT.221D routes, creating a comprehensive traffic network connecting both roads and waterways, effectively supporting the investment, production and business activities of enterprises in the industrial park. Moreover, it is only about 40 km from Hai Phong airport and deep-water port, quickly meeting the needs of production and import and export.
In addition to its favorable geographical location, Hai Long Industrial Park also ensures abundant human resources, fully meeting the human resource requirements for production activities. Tien Hai District has a population of about 215,000 people, of which the number of people of working age accounts for about 50%, more than 60,000 highly skilled workers, along with more than 1,000 new workers added annually.
Secondary investors who choose to invest in Hai Long Industrial Park will enjoy a series of outstanding tax incentives. Accordingly, regarding corporate income tax, investors will enjoy a preferential tax rate of 10% during the first 15 years of operation. Regarding import and export tax, investors will be completely exempted from tax on goods used in the construction and production process.
Specifically, tax exemption is given to machinery, equipment and specialized vehicles used to create fixed assets, imported raw materials for export production and construction materials that cannot be produced domestically.
For export processing enterprises (EPEs), value-added tax (VAT) will be applied at a rate of 0%, helping to reduce production costs and enhance competitiveness in the international market. In addition, investors will also enjoy land use tax reduction incentives for the first 15 years.
Actively complete synchronous infrastructure
Hai Long Industrial Park is gradually taking shape with an increasingly complete infrastructure system. Up to now, 130 hectares have been cleared; of which, 30.1 hectares have been handed over to the investor.
Regarding infrastructure investment, the project carried out leveling of 15 hectares. Investment in traffic infrastructure also achieved remarkable results, 70% of the traffic volume in the 30.1 hectare area was completed to the installation stage of Base A, along with the rainwater drainage system.
In the next phase, Hai Long Industrial Park will focus on completing site clearance documents and continuing to hand over land with an expected area of up to 100 hectares in 2024. Continue to invest in infrastructure on the 30.1 hectares of land that has been allocated, including completing the internal traffic system and rainwater drainage infrastructure, ensuring synchronization and modernity in the overall design.
The project also implements infrastructure investment activities on an area of 100 hectares, which is in the process of site clearance and land handover. The synchronous implementation of these infrastructure items is an important foundation to attract secondary investors, while creating economic development momentum for the entire region.
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